| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w29782 |
| 来源ID | Working Paper 29782 |
| Human Capital Reallocation Across Firms: Evidence from Idiosyncratic Shocks | |
| Erik P. Gilje; Jérôme P. Taillard; Linghang Zeng | |
| 发表日期 | 2022-02-21 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | We study human capital reallocation following firm-specific idiosyncratic shocks. Theory offers diverging predictions as to whether human capital gets reallocated to its most productive use following these shocks. To empirically test these predictions, we focus on relegation battles in the English Premier League. This setting offers well identified idiosyncratic shocks as well as both individual-level and firm-level productivity metrics. We find that human capital exits firms after a negative idiosyncratic shock. Specifically, we find that more productive players move to more productive clubs and maintain their long-term productivity. They get replaced with lower productivity players. Overall, our results show that in a setting with highly transferable skills, idiosyncratic shocks lead to a reallocation of human capital that moves an industry towards a better overall match between individual-level and firm-level productivity. |
| 主题 | Financial Economics ; Corporate Finance ; Labor Economics ; Labor Supply and Demand |
| URL | https://www.nber.org/papers/w29782 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/587456 |
| 推荐引用方式 GB/T 7714 | Erik P. Gilje,Jérôme P. Taillard,Linghang Zeng. Human Capital Reallocation Across Firms: Evidence from Idiosyncratic Shocks. 2022. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w29782.pdf（663KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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